Question

A bookseller bought a book for₹15 and spent ₹5 for its binding. He then sold it for ₹24 .Find his profit percentage

Answer 1

Answer:

Selling Price = Rs 100

Profit = Rs 20

Cost Price = SP - Profit = 100−20=80

Thus, Profit % =

CP

Profit

×100=

80

20

×100=25 %